LAFAYETTE, La., Aug. 31, 2011 (GLOBE NEWSWIRE) -- LHC Group, Inc. (Nasdaq:LHCG), a national provider of home health and hospice services, today announced that proven healthcare development executive Don Adam has joined the Company as senior vice president and chief development officer for home health and hospice services.
Adam's credentials include more than a decade of post-acute healthcare experience at St. Louis-based RehabCare Group Inc., where he served as chief development officer and senior vice president of mergers and acquisitions. Before joining RehabCare, he spent ten years in the banking industry.
Adam is a graduate of Pennsylvania State University, where he earned a bachelor's degree in finance. He holds a master's degree in business administration from the University of Pittsburgh's acclaimed Joseph M. Katz Graduate School of Business.
"Don is a seasoned development and mergers/acquisitions executive who will join our business development team, bringing with him new ideas and a proven track record of success," said Keith G. Myers, LHC Group's chairman and chief executive officer. "At RehabCare, Don developed significant expertise in creating joint venture partnerships with non-profit acute care organizations. Since LHC Group is the only nationally recognized provider of post-acute care services with success in creating partnerships with non-profit systems, Don's experience will be a perfect fit as we further differentiate LHC Group through our joint venture strategy.
"His impressive accomplishments and experience, coupled with his unwavering commitment to quality care and customer service, make Don a natural fit for our company culture. Our team could not be more excited about Don's decision to join our LHC Group family."
Adam said he is eager to assume his new responsibilities in support of LHC Group's mission and vision. Industry representatives who wish to speak with Adam about business opportunities with LHC Group can reach him at don.adam@LHCgroup.com.
"LHC Group is a national leader in post-acute care, and I look forward to supporting the continued growth of a company that is already recognized among the industry's best," Adam said. "I've spent my career nurturing partnerships and spearheading growth initiatives, and I'm confident my experience will allow me to meaningfully contribute to LHC Group's long-term success."
The Company also announced today the retirement of John L. Indest. Indest has served as special adviser to the chief executive officer since August 2009. Prior to that, Indest served in various capacities with the Company, including president and chief operating officer from 1998 through 2009.
About LHC Group Inc.
LHC Group, Inc. is a national provider of home health and hospice services, providing quality, cost-effective healthcare to patients within the comfort and privacy of their home or place of residence. LHC Group provides a comprehensive array of post-acute healthcare services through home health, hospice and private duty locations in its home-based division and long-term acute care hospitals in its facility-based division.
Certain matters discussed in this press release constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements about the Company's future financial performance and the strength of the Company's operations. Such forward-looking statements may be identified by words such as "continue," "expect," and similar expressions. Forward-looking statements involve a number of risks and uncertainties that may cause actual results to differ materially from those expressed or implied by such forward-looking statements, including changes in reimbursement, changes in government regulations, changes in LHC Group's relationships with referral sources, increased competition for LHC Group's services, increased competition for joint venture and acquisition candidates, changes in the interpretation of government regulations, and other risks set forth in Item 1A. Risk Factors in LHC Group's Annual Report on Form 10-K for the year ended December 31, 2010, filed with the Securities and Exchange Commission. LHC Group undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.